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By David Lang
The following stories may fire your imagination, pique your interest. Some say 1MDB is Malaysia's Sovereign Wealth fund; to others they asked what wealth fund when its total capitalization is just One million ringgit? But, then again, if you think you can look down on the pet idea of the Malaysian prime minister, think again. His idea has the potential of turning the now world famous - or shall we say, infamous - 1Malaysia Development Berhad into a giant corporation you can ever imagine - even bigger than Bill Gate's Microsoft! At least, it could be, if the original course is stayed. It was supposed to inspire Malaysians to think big besides advance growth, according to its slogans screaming out of giant bill boards throughout the country. 'Backed' by the finance ministry who owns it - which means money will never be the problem - it can only succeed. But..it didn't. It failed! That's why it may have piqued many people's curiosity. How can a company flush with cash and can borrow any amount (billions) anytime could fail? Well, this may be in line with your thinking. People have seen since its inception - I mean after its name was changed in 1999 from Trengganu Investment Authority (TIA) to the present - it hasn't done any business! I have used present tense deliberately. It hasn't done any business yet. I mean if you are in business you need to make profit or find ways to make profit. Or close shop. Oh, I had heard about their filings of tax returns and hiring of a couple of internationally known auditors to sign off on their balance sheets; but these concerned only the company's borrowings and interests to be paid. Two massive bonds were issued to the tune of $7 billions. To buy up power plants. Again I want to say if you are in business to make money even investing in independent Power Plants, it should be done with the view to making a profit. The decision may be long term or short term, it doesn't matter, it has to make money, or no deal. May be they have done the right thing. Maybe luck was not on their side. Still, the amount is staggering. I didn't know having or managing so much money can be a problem! But many - especially the Malays - have not given up hope yet. Yes, may be the durians are just ripening; may be they need time and may fall soon!
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!>The DRL Blog > News>Malaysia>opinion
Malaysia's Vision 2020
By:David Lang
Malaysia is supposed to be on its way to becoming a developed nation, by the year 2020. Will she make it (in less than five years -tick-tuck, tick-tuck)? There is no doubt the year 2020 is coming whether the country is ready or not, and if that will be the only requirement then Malaysia will attain that developed nation status on schedule. There is a question, though, Will Malaysia, or Malaysians, for that matter, be ready for that status as far as their affluence, quality of life's concern? Currently Malaysia's GNI per capita stood at US$10060. According to the World Bank high income economies are those with GNI per capita of US$12,745. And until Malaysians earn much more to be there, the developed nation status may not be achieved even by the year 2020. The futility of declaring a country a high income country when it's not, achieves nothing. May be even counter-productive; it lulls the country into false sense of success and premature celebration. Don't forget China reportedly overtook Japan as the world's second largest economy, but in actual fact China's citizens' ca pita income is a fraction of the incomes of the Japanese who earn $37,000. Chinese incomes range from $13,000. China's gross domestic product, taken as a whole, may beat Japan's, but in term of quality of life, and GNI per capita income, the criteria for a developed nation status, China still has a lot of catching up to do. That's why China still qualifies as recipient of Japan's economic aid meant for developing countries. Comparing with the Chinese per capita domestic product, Malaysia is even worse off. Unless the government bucks up and rushes to create more wealth for its citizens, the Vision 2020 dream may remain just that ..a dream.
Jun 29, 2013
'MCA go home' vs 'Where was DAP 13 years ago?' at Jonker Walk
What?! Gan qualified his being there as a survey, not to protest? Let alone to lead the protest? Did Mr. Gan Tian Loo realize that the MCA protest carries more weight than DAP protest many times over. The state government, being UMNO-led government, considers the DAP as the opposition working hand-in-hand with PAS and PKR to oust UMNO from power, rescinding the directive on the request from DAP leaders will make the party even more popular. I thought, at first, here come the MCA, finally to do what it's supposed to do. Then the expected happened. He got cold feet. The reporter who covered the protest reported Gan was suddenly cautious . He was like ..."I'm here to lend my support to..the .. no, wait! I am not here to support the traders - but just to do a quick survey! But I am glad to be standing here with the protesters but reporters, please put it down in black and white I am not, I repeat, am not here as part of the protest. This is the reason the MCA was shunned, I mean has been shunned by the Chinese. They do not represent the Chinese anymore. They cannot get things done anymore unlike in the old days. Gan admitted his meeting with the chief minister was fruitless, but would keep trying. Keep trying for what? He should stop embarrassing the MCA and reducing its credibility further by continuing to beg despite being rebuffed earlier. Again, this proved that the Malaysian Chinese Association has really completely lost its usefulness. If a small matter like Jonker Walk closure was beyond its power then, that 's it.
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Aug 3, 2012
Libya Was Destroyed By Obama And Hillary Clinton
This is what I wrote in a discussion on the mayhem afflicting the Middle East in response to two posts by fellow panelists, which I reproduce here.
Fighters from Libya
smuggled into Syria
Syrian's vote on constitution:
Freemannogod
Yes I wish Obama the great would shut the f---k up and stop telling other nations what
to do.
I wish Obama would move on.
We have seen the change that these revolutions have made, with the helping hand of the
US, and look at who is now killing and robbing those people, because of all that US
military BS freedom cry.
Obama can move on, he like many before him have gone out of there way to destabilize
these countries for the US agenda and nothing more.
I am sure the people of Lybia know how bad that BS freedom is right now since they no
longer have there homes, money, and a lot of other gifts that were given to them and
shared by the now diseased leader.
What a bunch of sh-it this democracy movement is, it is no more then the US dictating who gets what, and guess who gets the most?
That's right the US........the people are left to die or rot with there new US led brother-hood thugs.
#6.1 - Sun Feb 26, 2012 2:38 AM EST
.Matt-4034208
Western Media is part of the problem
Very cynical
Even if he is playing pranks, whats your problem??
Fix your own problems instead of interferring all over the world
Hillary Clinton has become a war monger to buttress her image
Shame on her
#8 - Sun Feb 26, 2012 2:14 AM EST
This is my two cents in response to your two no-holds-barred posts.
I used to admire and support theformer New York senator; but not anymore. But that doesn't mean I want to crucify her
every time I have the chance.
Much as I like to, I don't blame the Middle East's
mayhem squarely on Hillary Clinton. She was just carrying out her orders. She in fact is
humiliated every time she carries out her-opponent-turned-boss' commands. I sympathize
with her a little bit because, by taking the job the secretary of state she once and for all
torpedoed her own ambition to be president. And that took courage.
But why? Why
humiliated her husband (a former great president of all time, who could earn billions by
just humbling himself to accept some invitations), if, say, she was not averse to being
ordered around by her former rival, who was unworthy of even being her opponent in the
2008 presidential election. Obama had no credibility to even enter the race let alone
win the US presidential election. Obama did not even qualify to aim for the White house
as he did not prove his US citizenship. He is where he is today courtesy of a Federal
Judge who exercised - or shall we say abused - his judicial powers to wave through an
unknown man to the nation's highest office.
On hindsight, however, I don't
blame the justice concerned. The judge must have sensed the prevailing mood then and
responded accordingly.
The American people want to be vain and prove to the world
that their hearts were big enough to even accept a black man - even an unknown black man
from Indonesia - to be their president. They wanted experimentation. They wanted not
change "You can believe in" (as was Obamar's battle-cry then) but change they wanted to
experiment.
Hillary Clinton, who was as good as a shoo-in, was swept aside by the
naive American voters brain-washed 24/7 by the MSNBC sponsored stable of talk show hosts who
acted as if they couldn't care less about what would happen to America if the unknown
black man they were trying to help get elected, triumphed.
My only criticism for the
Secretary of State, if any, was her zeal in doing her job. Why she was passionate about
the toppling of Col. Gaddafi, Mubarak and Bashar a-Assad. Why behaves like her life depends on the demise of President Assad. Has the New York senator morphed into a supporter of the Muslim Brotherhood? What has happened to her own conviction that MB was an evil organization out to subject the world to sharia law?
I did not realize that Obama's destructive influence on America after only four years was so extensive.
Honestly, I would shudder to think what will happen if the president should get another four years.
Don't take my word for it. Just look around you. Can you see any Christianity signs or emblems anywhere? Even public schools which in the past closely associated with Christianity, have been changed beyond recognition.
If you care to look deeper, a lot of fundamental change has taken place in America since the emergence of Barrack Hussein Obama. And all was not by accident!
If anyone says America has joined England in caving in to the demands of the Muslim minorities, I say he can say that again.
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